PREFERENTIAL ISSUE OF EQUITY SHARES
TO GOVERNMENT OF INDIA
Extraordinary General Meeting of shareholders of UCO Bank held on 7th May, 2016 at National Library, Bhasha Bhawan Auditorium, Kolkata. The shareholders approved the proposal for issue of 22,54,64,190 equity shares of Rs.10/- each to Government of India on preferential basis at an issue price of Rs.41.47 per equity shares determined in accordance with Regulation 76(1) SEBI ICDR Regulation, 2009 against the capital infusion of Rs.935 crore.
Subsequent to the above preferential issue the percentage of shareholding of Government of India will increase from 72.83 to 77.54 to total equity capital of the Bank.